In your Tuesday PM news we look at gold’s strong start this week, along with a longer look at gold prices over the next month or more. Investors should be prepared for a bumpy ride with gold due to the potential for uncertainty that U.S. politics is about to bring to the global economy starting November 3rd—get ready for some jaw-dropping headlines that will impact gold and silver and most of the other precious metal markets. Plus, four additional news items for you today.

Let’s dig in…

Latest News
This Week Precious Metals are Off to a Strong Start

The yellow metal has started this week on strong footing as the price is holding above the $1900 per ounce level trading 0.33% higher. Silver also gained ground during the Asian session trading just over half a percent. This all comes despite Chinese GDP data falling short of expectations. The quarterly GDP figure came in at...

Price
Beware: Yellow Metal Price Could Quickly Change with Chaotic Political Headlines

Investors should prepare to experience dramatic ups and downs in gold prices as dramatic, surprising political news headlines bombard the markets, says RBC Wealth Management managing director George Gero. “Political headlines, election headlines, could change…”

Economy
Market Spotlight – Compressed to Impress – Europe Leads PGM Demand

HERAEUS PRECIOUS APPRAISAL has released a new report—their market spotlight on precious metals. Here is how it begins: “Platinum demand in all fuel cell and electrolyzer technologies is estimated to be around 60 koz this year and then gain traction rapidly from the mid-2020s to reach 420 koz by 2030. Demand in the near term is likely to be driven by the capacity growth of electrolyzers to produce ‘green’ hydrogen, some of which rely on platinum and iridium catalysts, while the decarbonization of industry and transport offers longer-term prospects for platinum and ruthenium in fuel cells. Last week, Hyundai Hydrogen Mobility (HHM) delivered the world’s first mass-produced fuel cell heavy-duty trucks to customers in Switzerland. HHM is a joint venture between… “

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Latest News
London Metal Exchange ‘Ring’ Will Stay Closed for 6 More Months

The London Metal Exchange’s (LME) iconic “Ring trading” floor will remain shut for six more months, it was revealed today, raising the prospect of its permanent closure. Since the 1800s, traders at the LME have shouted buy and sell orders for metals while seated around a red curricular sofa but the days of one of Europe’s last open-outcry trading floors could be numbered.

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Stock Market
[VIDEO] CPM Group – The Apples and Oranges of Gold and Silver

Jeffrey Christian discusses how recent market events have impacted gold and silver markets. He then focuses on the importance of good unbiased data, market intelligence, and analysis, focusing on some of the simple errors common across financial markets.

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Stock Market
Gold Distribution Company on Stock Exchange Keeps Increasing Its Inventory

Sunstock, Inc. (OTC PINK: SSOK), involved in the buying, selling and distribution of precious metals, today announces it has purchased 20 ounces of gold. “Gold and silver have traditionally served as hedges against economic uncertainty, and while retail sales and consumer sentiment are trending higher, we also see increasing customer demand for precious metals,” stated Sunstock CEO Jason Chang. “To us, that generally signals deeper concern over economic stability. We are taking advantage of the current soft prices to increase our inventory and meet rising demand.” Gold prices have risen more than 25 percent in 2020. Sunstock’s business strategy is to acquire… READ MORE

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Gold Silver Central